A home studio or room rent, consumables, the infill and retention model that brings repeat income, and training courses if you teach. Here's how Making Tax Digital for Income Tax applies to lash techs, and when it starts.
MTD for Income Tax phases in by gross income before expenses. Many lash techs are part-time, so it's worth checking where your gross income sits.
Regular infills mean predictable, repeat income that's easy to record. Log each appointment and claim your room rent or home-studio costs, and your quarterly update is a quick review.
When you're in scope, your annual Self Assessment return is replaced by four short quarterly updates and a year-end final declaration, all through recognised software.
Your steady infill pattern makes recording income simple, quarter after quarter.
Regular infills are steady, repeat income that's easy to record appointment by appointment.
Rent, or a share of home costs, is deductible. Record your takings and the cost so you're taxed on what you keep.
Lashes, adhesives and consumables are deductible. Snap the receipts so your expenses stay complete.
Teaching courses is income too. Record it alongside treatments so your gross total is complete.
Your infill model makes for predictable income. Clear Books keeps it and your costs tidy and gives HMRC exactly what MTD needs, whenever you're in scope.
Record infills, rent and consumables as you go, watch your gross against the thresholds, and be ready to submit when your wave lands.
